The Tennessee Department of Financial Institutions announced the 2020-2021 supervision fee for mortgage lenders, brokers and servicers licensed under the Residential Lending, Brokerage and Servicing Act (RLBSA), or registered under the Industrial Loan and Thrift Companies Act (ILTCA). The supervision fee for fiscal year 2020-2021 is $1,000 under the RLBSA (previously $1,025) and $600 under the ILTCA (previously $625). The supervision fee does not apply to mortgage loan originators licensed under the RLBSA (who will continue to pay a licensing and renewal fee of $100 and a sponsorship fee of $100). The supervision fee becomes effective November 1, 2020.
See Tennessee Department of Financial Institutions Website for the full text of the Announcement: https://www.tn.gov/content/dam/tn/financialinstitutions/compliance/2020-compliance-documents/Supervision%20Fee%20Announcement%20for%202020-2021.pdf
